Machine Learning Model Risk Specialist

@ Upstart

About Upstart

Upstart is the leading AI lending marketplace partnering with banks and credit unions to expand access to affordable credit. More than 80% of borrowers are approved instantly with a digital-first approach.

The Team

The ML Model Risk team ensures that machine learning models are well-understood, monitored, and risk is mitigated. This team works closely with internal risk management, lending partners, and regulators.

Role Overview

As a Machine Learning Model Risk Specialist, you will support Upstart’s model risk management program by collaborating with ML teams, producing robust documentation, and ensuring that risk assessments are maintained and communicated effectively to stakeholders.

Key Responsibilities

• Maintain model inventory, risk assessments, and documentation.
• Challenge and evaluate ML models with team collaboration.
• Communicate model assumptions to external partners.
• Work with Legal and Compliance to meet regulatory requirements.
• Perform risk assessments and track team goals.

Minimum Qualifications

• Master’s degree in a quantitative field (finance, mathematics, economics, statistics).
• Internship or project experience in model risk management or ML.
• Basic understanding of AI/ML methods and coding in R, Python, or similar.

Preferred Qualifications

• PhD in a related quantitative field.
• 1+ years of experience in model risk management or related fields.
• Advanced coding skills in R, Python, SQL, and experience using Git.
• Excellent communication skills to explain technical details simply.

Travel & Work Arrangement

This is a remote position with opportunities for periodic in-person collaboration in the U.S. (San Mateo, CA; Columbus, OH; Austin, TX).

Compensation & Benefits

Upstart offers competitive base salary, bonuses, equity, and generous benefits packages.

Equal Opportunity

Upstart is an Equal Opportunity Employer and is committed to diversity and inclusion in hiring practices. For accommodations, email candidate_accommodations@upstart.com.

Key skills/competency

• Model Risk
• Machine Learning
• Documentation
• Risk Assessment
• Data Science
• Quantitative Analysis
• Compliance
• Communication
• AI
• Collaboration